I have set the waiver system to continuous. This means all FA are always on waivers. Waivers are processed 3 times a week. This allows all GMs the opportunity to get a FA, obviously depending on their waiver priority. I don't have to keep it this way, but that's how it is for now. It would prevent someone from grabbing a FA at 3am after a late game because nobody else is awake.

It's great to me because I can't watch NBA games live (I'm sleeping), so I had to wait until next morning to pick from waivers. I was at disadvantage.